Given a 5000 bushel futures contract on grain at a price of


Given a 5,000 bushel futures contract on grain at a price of $2.75 per bushel, margin requirement is 5 percent, maintenance margin is 80 percent. What would the return on investment be if the price increases by $.06 per bushel? Please Show All Work.

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Financial Management: Given a 5000 bushel futures contract on grain at a price of
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